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DGL Group Limited ( (AU:DGL) ) has provided an announcement.
DGL Group Limited has agreed to sell two chlor-alkali manufacturing plants for $2.5 million, following a reassessment of these assets amid changing market conditions for chlor-alkali products. The plants had a carrying value of about $7.9 million as at 30 June 2025, prompting an impairment charge of approximately $5.3 million in the company’s half-year financial statements to 31 December 2025.
The disposal aligns with DGL’s ongoing strategic review aimed at optimising financial performance and sharpening its focus on core operations. The board has stated that the sale will not materially affect ongoing operations, signalling a portfolio realignment rather than a shift in the company’s core chemical logistics and services business.
The most recent analyst rating on (AU:DGL) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on DGL Group Limited stock, see the AU:DGL Stock Forecast page.
More about DGL Group Limited
DGL Group Limited is a leading supplier of chemical logistics and services to essential industries in Australia and New Zealand and beyond. The company provides formulation and manufacturing of hazardous and reactive chemicals, as well as licensed warehousing, distribution, disposal and recycling solutions across the full life cycle of these products.
Technical Sentiment Signal: Buy
Current Market Cap: A$152.6M
For a thorough assessment of DGL stock, go to TipRanks’ Stock Analysis page.